Hong Kong Plans Stablecoin Rules to Challenge Dollar

July 1, 2025

Catenaa, Tuesday, July 1, 2025-Hong Kong will launch a new licensing regime for fiat-referenced stablecoins on August 1, setting strict rules for issuance and retail marketing in a move seen as supporting China’s de-dollarization push and reshaping the role of US dollar-pegged tokens in Asia. The new framework, supervised by the Hong Kong Monetary Authority, […]